President of Circle: It will not compete with banks. The listing is to demonstrate the openness of funds to banks and technology companies
2025-06-07 07:28:57
In a recent interview with Yahoo Finance, Heath Tarbert, president of Circle and former CFTC chairperson, said that when Circle launched USDC in 2017-2018, it wanted to create a new underlying currency layer for the Internet that could circulate at Internet speed and make it sustainable. As a US-listed company, going public and subjecting Circle to the highest standards of transparency and corporate governance is an important part of itself and the next step that Circle believes is necessary. Compared to traditional Financial Institution Groups, Circle is a neutral platform, with both the compliance DNA of traditional financial services and the Web3 philosophy. Banks are ideal partners for Circle and will not compete with banks. The listing also shows banks and technology companies that their funding is now open, and with the approval of regulators, they can do business with Circle in important ways.
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